According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Biomethane Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Biomethane Market Analysis and Size
Global Biomethane Market is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., (2024-30).
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Some of the major players operating in the Biomethane Market are Air Liquide, Gasum, Nature Energy, ETW Energietechnik GmbH, Archea Energy, EnviTec Biogas AG, TotalEnergies, Future Biogas, Kinder Morgan, Engie, and Others.
Biomethane Market Growth Driver:
Growth of Renewable Energy Demand to Promote Biomethane Market – The consumption of renewable energies has seen an incredible increase in recent years due to the worldwide awakening for clean & more efficient energy sources, therefore supporting the demand for biomethane gas globally. This demand is further supported by rising awareness about climate change, environmental degradation & the limited natural resource of coal. According to the International Energy Agency (IEA), the capacity for renewable energy is predicted to grow by more than 8% in 2022, totaling over 320 GW. Hence, this growth in renewable energy capacity is expected to drive the Biomethane Market growth.
Moreover, the increasing demand for renewable energy extends to residential & commercial heating & cooling applications. Further, technologies like solar thermal systems and geothermal heat pumps are employed for utilizing renewable energy in these applications, further fostering its consumption.
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Market Segment and Geographical Analysis
By Feedstock
- Organic Household Waste- Market Size & Forecast 2019-2030, Thousand Tons
- Animal Manure- Market Size & Forecast 2019-2030, Thousand Tons
- Agricultural Waste- Market Size & Forecast 2019-2030, Thousand Tons
- Sewage Sludge- Market Size & Forecast 2019-2030, Thousand Tons
- Organic Industrial Waste- Market Size & Forecast 2019-2030, Thousand Tons
- Energy Crops- Market Size & Forecast 2019-2030, Thousand Tons
By Production Process
- Anaerobic digestion- Market Size & Forecast 2019-2030, Thousand Tons
- Biomass Gasification- Market Size & Forecast 2019-2030, Thousand Tons
- Pyrolysis- Market Size & Forecast 2019-2030, Thousand Tons
By Application
- Electricity Generation- Market Size & Forecast 2019-2030, Thousand Tons
- Heat Generation- Market Size & Forecast 2019-2030, Thousand Tons
- Vehicle Fuel- Market Size & Forecast 2019-2030, Thousand Tons
- Others (Gas Grid, Combine Heat & Power (CHP Engines), etc.)- Market Size & Forecast 2019-2030, Thousand Tons
By End User
- Industrial- Market Size & Forecast 2019-2030, Thousand Tons
- Commercial- Market Size & Forecast 2019-2030, Thousand Tons
- Residential- Market Size & Forecast 2019-2030, Thousand Tons
By Region
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East & Africa
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